Why the cost of building a new home increases annually
Posted by Carey Frankel on
All over the country, building costs are rising. Shortage of wood and other construction materials after Hurricane Katrina have affected building costs nationwide, and Jacksonville real estate is no exception. Estimating costs correctly becomes even more important when overall costs are high, because limiting waste will limit cost.
Square Footage
In general, the larger the square footage, the higher the costs. Note, though, that larger buildings cost more, but they cost less per square foot than smaller buildings. When determining square footage, include everything inside the main walls, porches, and walled additions.
Class
Each part of the house is assigned a “class”, from low to high. The class designation depends on the building…
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